Question

10,000 at 5 p.c.p.a.<br />Solve the following:<br />(1) Calculate the difference between the compound interest and the simple interest on<br />2 years.​ plzz tell me what is ans ​

Answer 1

Answer:

R= 5p.c.p.a

N=2 years

P= 10,000

compound interest= A-P

A = p[1+R/100]^n

=10000(1+5/100)^2

=10000(1.5)^2

=10000X2.25

A =22500

compound interest=22500-10000=12500

simple interest=RXPXT/100

=5X10000x2/100

=50000x2/100

=100000/100

=1000

Answer=12500-1000

=11500